Helen M Harrison Foundation Inc
- Assets
- $14.6m
- Revenue
- $1.9m
- Investments
- $13.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 42-1668546
Organization Overview
Helen M Harrison Foundation Inc is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helen M Harrison Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Helen M Harrison Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $946.7k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Helen M Harrison Foundation Inc has awarded 28 individual grants totaling $2,501,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Burno Director | 1 | $17,500 | |
Tim Carroll Director | 1 | $17,500 | |
Raymond Kratzer Director | 1 | $17,500 | |
Katherine Burno Director | 1 | $17,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,205 |
| Dividends & Interest | $352,854 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,521,641 |
| Capital Gain Net Income | $1,521,641 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,979 |
| Total Revenue | $1,900,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $236,746 |
| Contributions, gifts, grants paid | $710,000 |
| Total expenses and disbursements | $946,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $964,571 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $450,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,564,292 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Helen M Harrison Foundation Inc has awarded $710,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEWBERRY LIBRARY PURPOSE: CONTRIBUTION | $25,000 |
SAINT MARY'S COLLEGE PURPOSE: UNRESTRICTED GENERAL FUND | $20,000 |
CHICAGO PUBLIC LIBRARY FOUNDATION PURPOSE: UNRESTRICTED GENERAL FUND | $50,000 |
UNIVERSITY OF CHICAGO LIBRARY SOCIETY PURPOSE: UNRESTRICTED GENERAL FUND | $25,000 |
VARIOUS CONTRIBUTIONS UNDER 25000 PER LOG (ATTACHED) PURPOSE: UNRESTRICTED GENERAL FUND | $540,000 |
WAHL'S RESEARCH FUND PURPOSE: UNRESTRICTED GENERAL FUND | $50,000 |